In an emergency meeting between Prime Minister and Acting Finance Minister Ehud Olmert, Bank of Israel Governor Stanley Fischer and the Finance Ministry regarding the ongoing wage dispute at the central bank, it was decided to appoint a team in an effort to put an end to the crisis by Wednesday.
At the meeting, which took place Monday afternoon in attendance of Attorney General Menachem Mazuz, Wage Supervisor Eli Cohen and other Treasury representatives, Olmert appointed a team headed by Director General of the Prime Minister's Office Raanan Dinur, to resolve the raging differences regarding "so-called second generation workers," which were delaying the signing of the new wage agreement. Furthermore, it was agreed that if the team did not come to resolve the differences by Wednesday, Olmert would convene another meeting.
Previous to the meeting on Monday, Cohen presented a compromise wage deal to the Jerusalem Regional Labor Court, according to which the management of the central bank and the workers would sign new collective wage agreement based on the accords that had already been reached between Cohen and the workers.
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